Since its formation in 1988, Pengrowth Energy Trust has become one of the largest and highest quality energy trusts in North America. This efficient investment structure allows the distribution of net cash flow from a portfolio of producing oil and natural gas properties to unitholders on a monthly basis, after operating costs, trust expenses and other withholdings.

Pengrowth has an average 62 percent working interest in 200 project area properties with daily production expected to average between 86,000 and 87,000 boe per day in 2007.

Pengrowth raises additional equity funds through the sale of trust units and invests the proceeds to expand its oil and gas holdings and increase its reserve base. Pengrowth’s properties span the Western Canadian Sedimentary Basin in Alberta, British Columbia, Saskatchewan an